▪ Use the pumps closest to the store. And before filling up, check your phone to see if a lot of numbers are trying to connect to Bluetooth. That’s a giveaway there might be problems because some of those devices need Bluetooth signals to gain data from the skimmers. … [Read more...] about Thieves are siphoning credit card and debit data. Here’s how to spot their skimmers.
How to open a debit card account
This group includes Christine Acosta, a 27-year-old barista in Portland, Ore. who is struggling to make ends meet. Acosta told the Center she cut up all her credit cards and left her bank to open an account with a regional credit union. “Following three years of hidden fees, rate increases, and fine print, I finally had enough,” she said. … [Read more...] about Customers Close Accounts to Protest Wall Street, Abusive Lending Practices
The Court did express doubt regarding the plaintiffs’ remaining allegations. Specifically, the plaintiffs alleged that they overpaid for products at “Neiman Marcus because the store failed to invest in an adequate security system,” tying the failure to some form of unjust enrichment. The Court found this allegation problematic because plaintiffs are not alleging that any specific product was defective; instead, the allegation is that they were injured by shopping at Neiman Marcus. The Court also found fault with the plaintiffs’ claims that they have a “concrete injury in the loss of their private information.” This would mean that any person who suffered fraudulent charges would have standing even if they were automatically reimbursed, identities were not stolen, and there was no risk that they would not be reimbursed or that their information would not be used. The Court declined to support standing “on such an abstract injury.” … [Read more...] about Seventh Circuit Holds That Risk of Future Fraudulent Charge on Credit Card Sufficient to Withstand Motion to Dismiss
College students often are poorly equipped to manage their money. The CFPB could help by requiring lenders to inform students applying for a college loan exactly how much their monthly payments would be after graduation, and how much income they need to comfortably repay that amount, says personal finance writer Farnoosh Torabi of Credit.com. As part of the process for obtaining a federal student loan, the CFPB could also require applicants to fill out a worksheet of projected expenses and a budget. … [Read more...] about “Dear CFPB” wish lists urge action on mortgages, payday loans, prepaid cards
Federal Reserve Chairman Ben Bernanke recently said that the new price ceiling “could result in some smaller banks being less profitable or even failing.” That’s because while small banks and credit unions—those with assets under $10 billion—are exempt from the Fed’s proposed rule, competitive pressure could force them to lower their fees to an unsustainable level. … [Read more...] about Credit Union Study of Swipe Costs Adds Confusion to Debit Fee Battle